Wednesday, August 10, 2011

Information On Selecting A Bill Pay Service

By Lillian Powell


In today's society there are more concerns about fraud and people accessing your banking information. You may also worry about getting your bills paid on time and might lose track of when a bill is due. Using a bill pay service will help to eliminate those fears.

With this service, you can set up your payments online with a company that will handle paying your monthly bills for you. You can select what bank account you want the money to come out of. Some will even let you have up to ten bank accounts that you can choose from for payments.

Most will also let you enter in information for a random bill to pay. For example, you saw your dentist and got a bill after wards of your portion to pay; you can set up a one time payment to them with no problems.

When you setup, the company issues checks or other payments on your behalf. They do this so that your checking account or other banking info is never released. Other than your name and pertinent info to the statement, no other info is provided so that you stay safe. Due to the process, your banking information stays private to you.

These companies guarantee that your statements are paid on time. This eliminates late fees and other penalties. You also have access to proof of payment as well. This makes budgets work better, and keeps your life simplified if you have troubles organizing or remembering things are due.

Always do some comparison shopping when choosing a proposed company. Check with friends and see if they use something like this and how it works for them. Make sure there is ample customer service in case there are concerns or changes needed.




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